Not many sectors have the ability to blend a high yield with stability and growth potential – but the telecommunications sector has it all. Better still has been our latest Best High Dividend Stocks Model Portfolio pick, which has managed to provide all three for nearly twenty years! Investors shouldn’t miss the opportunity to score a 4.5% yield (payout of $0.64) when the stock goes ex-dividend on Thursday, July 7.
Our pick is one of the largest providers of wireless and broadband services in the nation. The sheer size and scope of its network have allowed the firm to deliver enviable cash flows and dividends for nearly two decades – cash flows and dividends that are unfazed by rising inflationary pressures.
Increasingly, our pick has managed to find growth via its massive build-out of new 5G services. Thanks to the rise of streaming video, mobile commerce and smartphones, our selection’s huge network has continued to be tapped by enterprises and consumers alike. And now with new mid-band roll-outs and a focus on 5G for the home, our pick has plenty of potential to keep the cash flowing.
You can check out the Best High Dividend Stocks Model Portfolio to explore all the stocks.
